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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 何耕宇 | zh_TW |
dc.contributor.advisor | Keng-Yu Ho | en |
dc.contributor.author | 林祐謙 | zh_TW |
dc.contributor.author | Yu-Chien Lin | en |
dc.date.accessioned | 2024-01-26T16:39:48Z | - |
dc.date.available | 2024-01-27 | - |
dc.date.copyright | 2024-01-26 | - |
dc.date.issued | 2024 | - |
dc.date.submitted | 2024-01-16 | - |
dc.identifier.citation | 杜凌. (2018). 同儕企業與資本結構決策: 以臺灣為例. 國立臺灣大學財務金融學研究所碩士論文.
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/91474 | - |
dc.description.abstract | 本研究旨在探討同儕公司的現金持有政策對臺灣上市櫃公司現金持有政策之影響,由於同儕公司提高現金持有能作為其後續積極經營策略的資金來源以創造競爭優勢,個別公司應將同儕公司之決策納入考慮並做出回應。實證結果發現公司現金持有與產業同儕現金持有呈正相關,顯示同儕公司的決策也是公司現金持有的重要影響因素之一,且高研發支出和規模較小的公司更傾向模仿同儕公司的現金政策,分別歸因於現金有助於公司在專利權競爭中勝出以及小公司因自身資訊劣勢而透過模仿同儕行為避免錯過潛在投資機會,此外,本研究也發現公司受到同儕影響而提高現金會用於後續的投資支出。 | zh_TW |
dc.description.abstract | This paper studies the peer effects on the corporate cash holdings in Taiwan. Since peer firms can use their cash holdings to fund aggressive strategies for gaining competitive advantages, the firms should take into account and respond to decisions made by their peer firms. The empirical results reveal a positive correlation between a firm’s cash holdings and its peer firms’ average cash holdings, indicating that the decisions of peer firms are one of the important factors for a firm’s cash holdings. We also find that such peer effects are stronger for firms with higher R&D expenditures because higher cash reserves increase the possibility of winning the patent races. Furthermore, because of the information disadvantages, small firms are more likely to mimic the cash holdings of their peer firms to learn additional information about future investment opportunities. Finally, the empirical results show that firms influenced by their peer firms tend to use increased cash holdings for subsequent investment expenditures. | en |
dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2024-01-26T16:39:48Z No. of bitstreams: 0 | en |
dc.description.provenance | Made available in DSpace on 2024-01-26T16:39:48Z (GMT). No. of bitstreams: 0 | en |
dc.description.tableofcontents | 口試委員會審定書 i
誌 謝 ii 中文摘要 iii ABSTRACT iv 目 次 v 表 次 vi 第一章 緒論 1 第二章 文獻回顧與假說建立 3 2.1 文獻回顧 3 2.2 假說建立 4 第三章 研究資料與研究方法 7 3.1 研究資料來源與處理方法 7 3.2 假說一、二和三之迴歸模型設定 7 3.3 假說四之迴歸模型設定 10 第四章 敘述統計與實證結果 12 4.1 敘述統計 12 4.2 現金持有之同儕效果 12 4.3 受同儕影響公司後續投資活動 16 第五章 結論與建議 18 5.1 研究結論 18 5.2 研究限制與建議 19 參考文獻 20 | - |
dc.language.iso | zh_TW | - |
dc.title | 同儕公司對企業現金持有之影響:以臺灣上市櫃公司為例 | zh_TW |
dc.title | Peer Firm and Cash Holdings: Evidence from Taiwan | en |
dc.type | Thesis | - |
dc.date.schoolyear | 112-1 | - |
dc.description.degree | 碩士 | - |
dc.contributor.oralexamcommittee | 王衍智;陳坤志 | zh_TW |
dc.contributor.oralexamcommittee | Yan-Zhi Wang;Kun-Chih Chen | en |
dc.subject.keyword | 現金持有,同儕效果,研發支出,競爭理論,資訊理論, | zh_TW |
dc.subject.keyword | Cash holdings,Peer effects,R&D expenditure,Rivalry-based theory,Information-based theory, | en |
dc.relation.page | 48 | - |
dc.identifier.doi | 10.6342/NTU202304571 | - |
dc.rights.note | 未授權 | - |
dc.date.accepted | 2024-01-18 | - |
dc.contributor.author-college | 管理學院 | - |
dc.contributor.author-dept | 財務金融學系 | - |
顯示於系所單位: | 財務金融學系 |
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